








A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |


Investment property for sale in Winchester at 424 E South St, Winchester, IN, 47394 uses $46,377 cash to close to unlock $2,531/yr annual cash flow and $211/mo monthly cash flow. Total monthly income runs $1,051/mo, and a $685/mo payment keeps the spread at $211/mo. Purchase price stands at $139,900, and rental yield measures 9.02% with $1,051/mo rent. Return on cash invested shows 25.37% in year one, and 5% annual appreciation builds toward $38,652 over five years. Five-year ROI reaches 131.87% and total cumulative return in cash records $61,155. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,051/mo property income covering a $685/mo payment rather than investor’s personal income.
Single Family
Built in 1939
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47394, Winchester, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,747 (100%) |
| Owner Occupied HU | 2,424 (64.7%) |
| Renter Occupied HU | 944 (25.2%) |
| Vacant Housing Units | 379 (10.1%) |
| Median Home Value | $129,592 |
| Average Home Value | $200,535 |
Residential
3,430
Single Family
3,291
Multi-Family
139
Businesses
346
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||



Listed by: Jill Friend • Tarter Realty, Auction & Appraisals Co
Mls Name: RLMS
Mls ID: #10052102